Gold Drifts Higher Awaiting FOMC Statement , Palladium Coin Update

(Kitco News) – Gold have erased modest early losses and have moved above unchanged and are at daily highs in late-morning trading Wednesday. Some position-evening ahead of this afternoon’s FOMC minutes release at 2:00 p.m.EDT is featured in the gold market.  Past FOMC minutes reports have significantly moved markets. Some chart-based buying has also entered the gold market as its near-term technical posture has improved a bit this week. June gold futures were last up $2.70 an ounce at $1,311.10.

Palladium Commentary

Gold and precious metals investors should be aware of Palladium , the metal has been outperforming the commodities sector as a whole , (including base metals) , achieving a , “ doubling” or 100% return over the last (16) months.

One  way to take advantage of this is by purchasing the new, low minted U.S. Palladium Eagle in 2017 & 2018, its first years of production. These years mark a historical first for  U.S. precious metal coinage where mint state and proof strikes were minted exclusively in each respective year for the first time ever in U.S. Mint history.  This resulted in 2018’s . “ proofs only “ decision by the mint and marked the first time EVER the U.S.Mint made no mint state, or, business strikes in a given U.S. Eagle production year.

This unique and first ever mintage alteration makes the new U.S. Palladium Eagles , along with record low mintages of  only 16,000 mint state strikes in 2017 and 15,000 proof strikes in 2018, the fastest growing and best performing U.S. precious metal coin ever made and 401 Gold Consultants recommends them highly.

Posted by :

Jack Dempsey, President

401 Gold Consultants LLC

jdemp2003@gmail.com